MD Real Estate study plan
MD Real Estate · Give each week a clear focus.
8 weeks · About 6 hours per week
Licensing and Regulation (Maryland Real Estate Commission, license law, broker/salesperson duties)
List the composition, authority, and rulemaking powers of the Maryland Real Estate Commission, and trace each licensing pathway (salesperson, associate broker, broker) from application to issuance.
Distinguish activities that require a Maryland real estate license from those the statute exempts, and identify the conduct rules covering advertising, recordkeeping, and trust-account handling.
Diagram the complaint-to-sanction disciplinary sequence, including hearing rights and the categories of penalties the Commission may impose.
Build a one-page reference sheet of renewal, continuing-education, and reinstatement timelines using the current Commission materials, citing the source for each line.
Your checkpoint
A completed one-page license-law reference sheet plus a 40-question Domain 1 practice set scored at 80% or higher, with every miss rewritten as a corrected statement.
Agency and Brokerage Relationships (required written brokerage agreements, disclosure of agency, fiduciary duties)
Differentiate the brokerage relationships Maryland permits (seller/landlord agency, buyer/tenant agency, disclosed dual agency, and no-agency/presumed-buyer-agent situations) and state who owes what to whom.
Identify the required content, signature timing, and duration rules of written brokerage agreements, and explain how a relationship is disclosed and terminated.
Recite each fiduciary duty and illustrate it with a concrete Maryland-style scenario showing the conduct required and the conduct that breaches it.
Explain how compensation is negotiated and disclosed in dual-agency and cooperating-broker situations, and where compensation terms must appear in writing.
Your checkpoint
A 15-scenario classification table (relationship type, duties owed, duty breached) answered at 85% or higher, plus a written summary of dual-agency disclosure requirements.
Contracts and Transaction Documents (listing and buyer-broker agreements, purchase contracts, contingencies, disclosures)
Outline the mandatory elements of listing agreements and buyer-broker agreements and compare them side by side.
Sequence a Maryland residential transaction from offer to settlement, labeling every contingency, deadline, and notice that appears in the purchase contract.
Identify each required disclosure and the point in the transaction by which it must be delivered, and describe the buyer's response options for each.
Analyze contingency scenarios (financing, inspection, appraisal, sale-of-home) and determine which party may terminate, when, and with what consequence to earnest money.
Your checkpoint
A one-page transaction timeline flowchart annotated with contingency deadlines, plus a 30-question Domain 3 set scored at 80% or higher.
Real Estate Calculations and Practice (commission and proceeds math, prorations, area and loan computations, trust/escrow accounting)
Compute commission amounts, cooperating-broker splits, and seller net proceeds from a settlement statement, including payoff and closing-cost deductions.
Calculate prorations for property taxes, rent, HOA fees, and utilities using both the 365-day and 30-day methods, and state which party is charged on the day of settlement.
Solve area, volume, loan-to-value, and down-payment percentage problems, and convert between them without a formula sheet.
Reconcile a broker's trust/escrow ledger, identifying commingling and misappropriation errors and stating the corrective entry for each.
Your checkpoint
60 mixed calculation problems completed at 85% or higher, accompanied by an error log that names the cause of every miss.
Milestones
Week 2: Score 80% or higher on a combined Domains 1-2 quiz of at least 50 questions, and be able to explain an agency scenario aloud without notes in under two minutes.
Week 4: Score 75% or higher on a timed 75-question cumulative exam covering Domains 1, 2, 3, and 10; produce a ranked list of the three weakest subtopics to carry into Weeks 5-7.
Week 6: Score 80% or higher on a 45-question combined Domains 5 and 7 set, and confirm that all ten domains have now been studied at least once.
Week 8: Score 80% or higher overall and at least 75% in every individual domain on two full-length timed practice exams taken under test-day conditions.